Magellanic Cloud Reports 37.3% EBITDA, 40.3% PAT Growth
The company says, Q1FY25 profit stands at Rs 26.51 crore against a PAT of Rs 18.89 crore in Q1FY24, year on year growth of 40.3 per cent
Magellanic Cloud, a company in the technology space on Friday said that it reported year-on-year (YoY) earnings before interest, taxes, depreciation, and amortisation (EBITDA) growth of 37.3 per cent and YoY profit after tax (PAT) rose to 40.3 per cent for the quarter ended on 30 June 2024.
The company stated that revenue from operations stood at Rs 132.17 crore in Q1FY25, as against Rs. 137.78 crore in Q1FY24. Notably, Q1FY25 profit stood at Rs 26.51 crore against a PAT of Rs 18.89 crore in Q1 FY24, YoY growth of 40.3 per cent.
Joseph Sudheer Reddy, Global CEO, Magellanic Cloud said, “Our Q1 FY25 results demonstrate the strength of our multi-technology portfolio and our unwavering focus on driving transformational growth. With our 37.3 per cent YoY EBITDA growth and a 40.3 per cent increase in YoY profit reflect the power of our strategic focus on operational excellence and innovation."
Reddy added that achieving an EBITDA margin of 40.05 per cent showcases our ability to navigate challenges and optimise for profitability. Reddy added, “As we look ahead, we’re poised to deepen, accelerate & acquire advancements in Generative AI, surveillance, and drone technologies, where we are already at the forefront of innovation.”
He mentioned that these technologies will continue to drive our growth trajectory as we further solidify our market leadership. Our vision is to scale strategically, harnessing innovation & acquisition to deliver sustainable, long-term growth and unlocking greater value for all stakeholders.
